VATupdate

Share this post on

Chile: Tax Authority provides clarity on taxation of digital currency transactions

The Chilean Internal Revenue Service has clarified tax regulations for digital currency transactions in Letter No. 1290. Taxpayers must declare income from digital currency transactions as general income, but digital currency transactions are exempt from value-added tax. VAT applies to commissions charged by intermediaries, and invoices should be issued accordingly.

Source GVC

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com